Ed Ulch, who farms near Solon in eastern Iowa and is a director for the Iowa Soybean Association, has been elected treasurer of the National Biodiesel Board. Ulch was elected in November during the National Biodiesel Board annual meetings in Washington, D.C.
Ulch represents the Iowa Soybean Association (ISA) on the National Biodiesel Board (NBB). He has served on NBB's governing board for three years and was a director for the Iowa Soybean Promotion Board from 2000-2005, serving as treasurer in 2003. He has been an ISA director since 2005. "I am very pleased with my new position and I look forward to working with the other board members to confront the challenges faced by the biodiesel industry," says Ulch.
NBB is the national trade association representing the biodiesel industry as the coordinating body for research and development in the United States. NBB was founded in 1992 by several state soybean commodity groups, including ISA.
Goal: sustainable biodiesel growth
Since that time, NBB has developed into a comprehensive industry association, which coordinates and interacts with a broad range of cooperators including industry, government and academia. NBB's membership is comprised of state, national and international feedstock organizations, biodiesel suppliers, fuel marketers and distributors and technology providers.
The mission of NBB is to advance the interests of its members by creating sustainable biodiesel industry growth. NBB serves as the industry's central coordinating entity and will be the single voice for its diverse membership base.
To learn more about ISA or about soy biodiesel, visit ISA's Web site at www.iasoybeans.com or to learn more about the National Biodiesel Board, log on to www.biodiesel.org.
Biodiesel positively impacts economy
A recent study by the National Biodiesel Board found that biodiesel significantly contributes to the economies of both Iowa and the United States. Biodiesel production is estimated to create more than 39,000 new jobs by the year 2015 and $13.6 billion that would have been spent on foreign oil will remain in the United States.
The biodiesel industry will also have a positive influence on farm prices. Added demand for soybean oil to produce biodiesel will increase the need for soybeans and raise soybean prices and revenue for growers. A study by USDA shows that every 50 million gallons of biodiesel raises soybean prices one percentage point.
Iowa's farmers, consumers and taxpayers will all directly profit from expansion of the biodiesel industry, points out Ulch. Farmers will benefit from the development and steady growth of domestic demand for soybeans to fuel biodiesel production. Iowa soybean farmers can expect average farm-level prices to increase an average of $0.095 per bushel over the next five years for an increase of $61 million in soybean cash receipts.
"Increased production of biodiesel in Iowa will create nearly 13,800 new jobs in all areas of the economy by 2010," he adds, citing projections in the study. "The new jobs combined with the revenue from the increase in biodiesel production will result in an additional $1.3 billion of household income for Iowans."